Guideline Value for G.N.T Road Ward No.5 Door No.1-28 Railway Gate to Vettu Colony

G.N.T Road Ward No.5 Door No.1-28 Railway Gate to Vettu Colony guideline value

The current guideline value for G.N.T Road Ward No.5 Door No.1-28 Railway Gate to Vettu Colony is Rs 660 per sq.ft, effective from 1 July 2024. This property is located in Old Gummidipoondi village, under the Gummidipoondi SRO, and is classified as Residential Class II Type - I.

How the guideline value of G.N.T Road Ward No.5 Door No.1-28 Railway Gate to Vettu Colony has changed

The guideline value for this street has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 134 per sq.ft. This increased to Rs 153 per sq.ft in 2003, marking a change of +14%. The value then saw a significant rise to Rs 400 per sq.ft in 2007, which is an increase of +161%. Following this, the value was revised to Rs 600 per sq.ft in 2012, a decrease of -33%. The 2017 revision set the value at Rs 402 per sq.ft, which was a notable change. The guideline value then increased to Rs 600 per sq.ft in 2023, reflecting a +49% change. The most recent revision in 2024 has set the value at Rs 660 per sq.ft, which is an increase of +10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +393%. There are no figures available in the register for this street for the years not mentioned.

Guideline values in Old Gummidipoondi

In Old Gummidipoondi, there are 90 streets under the Gummidipoondi SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 1,210 per sq.ft. The median value is Rs 660 per sq.ft, which matches the current guideline value for G.N.T Road Ward No.5 Door No.1-28 Railway Gate to Vettu Colony.

• G.N.T Road Ward No.6 Door No.1-134B Vettu Colony to Travellers Bungalow: Rs 660 per sq.ft (2024)
• G.N.T Road Ward No.7 Door No.135-214 A Travellers Baungalow to Ganapathy Theatre: Rs 1,210 per sq.ft (2024)
• G.N.T Road Ward No.8 Door No.215-274 Ganapathy Theatre to Rettambedu: Rs 880 per sq.ft (2024)
• G.N.T. Road Ward No.9 Door No.275-329c Rettambedu to Thervali: Rs 880 per sq.ft (2024)
• GanGan Thotti Ward No.13 Door No.1-20: Rs 660 per sq.ft (2024)
• Gorimedu Ward Ward No.13 Door No.1-20: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in G.N.T Road Ward No.5 Door No.1-28 Railway Gate to Vettu Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, resulting in a total of Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers G.N.T Road Ward No.5 Door No.1-28 Railway Gate to Vettu Colony?

The Gummidipoondi Sub Registrar Office covers G.N.T Road Ward No.5 Door No.1-28 Railway Gate to Vettu Colony. The office is located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Old Gummidipoondi

The guideline value plays a crucial role in property transactions in Old Gummidipoondi. It is used as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When registering a property, the guideline value is compared with the sale price. The higher of the two values is taken into account for calculating the stamp duty and registration fees. This ensures that the appropriate amount is paid to the government as part of the property transaction.

Frequently asked questions

What is the current guideline value for G.N.T Road Ward No.5 Door No.1-28 Railway Gate to Vettu Colony?

The current guideline value for G.N.T Road Ward No.5 Door No.1-28 Railway Gate to Vettu Colony is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 134 per sq.ft in 2002 to Rs 660 per sq.ft in 2024, marking an overall increase of +393% over the years.

What is the land classification for this area?

The land classification for G.N.T Road Ward No.5 Door No.1-28 Railway Gate to Vettu Colony is Residential Class II Type - I.

Where can I find the Gummidipoondi Sub Registrar Office?

The Gummidipoondi Sub Registrar Office is located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 6,60,000, with stamp duty calculated accordingly.